The stock of Roivant Sciences Ltd (NASDAQ:ROIV) last traded at $13.19, up 6.29% from the previous session.
ROIV stock price is now 16.87% away from the 50-day moving average and 42.14% away from the 200-day moving average. The market capitalization of the company currently stands at $10.18B.
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With the price target of $10.50, BofA Securities recently initiated with Neutral rating for Roivant Sciences Ltd (NASDAQ: ROIV).
In other news, Venker Eric, Chief Operating Officer sold 106,430 shares of the company’s stock on Sep 08. The stock was sold for $1,297,382 at an average price of $12.19. Upon completion of the transaction, the Chief Operating Officer now directly owns 611,813 shares in the company, valued at $8.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, Chief Accounting Officer Kumar Rakhi sold 99,350 shares of the business’s stock. A total of $1,210,083 was realized by selling the stock at an average price of $12.18. This leaves the insider owning 197,950 shares of the company worth $2.61 million. A total of 34.73% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ROIV stock. A new stake in Roivant Sciences Ltd shares was purchased by AVORO CAPITAL ADVISORS LLC during the first quarter worth $76,583,000. FARALLON CAPITAL MANAGEMENT LLC invested $31,062,000 in shares of ROIV during the first quarter. In the first quarter, LOOMIS SAYLES & CO L P acquired a new stake in Roivant Sciences Ltd valued at approximately $25,859,000. AVIDITY PARTNERS MANAGEMENT LP acquired a new stake in ROIV for approximately $22,258,000. DECHENG CAPITAL MANAGEMENT III (CAYMAN), LLC purchased a new stake in ROIV valued at around $19,253,000 in the second quarter. In total, there are 211 active investors with 51.53% ownership of the company’s stock.
With an opening price of $12.77 on Wednesday morning, Roivant Sciences Ltd (NASDAQ: ROIV) set off the trading day. During the past 12 months, Roivant Sciences Ltd has had a low of $2.97 and a high of $12.84. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 6.37, and a quick ratio of 6.35. The fifty day moving average price for ROIV is $11.31 and a two-hundred day moving average price translates $9.31 for the stock.
The latest earnings results from Roivant Sciences Ltd (NASDAQ: ROIV) was released for Jun, 2023. According to the Biotechnology Company, earnings per share came in at -$0.38, missing analysts’ expectations of -$0.3 by -0.08. This compares to -$0.51 EPS in the same period last year. The net profit margin was -1233.11% and return on equity was -94.44% for ROIV. The company reported revenue of $21.62 million for the quarter, compared to $4.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 400.67 percent. For the current quarter, analysts expect ROIV to generate $30.18M in revenue.
Roivant Sciences Ltd(ROIV) Company Profile
Roivant Sciences Ltd., a commercial-stage biopharmaceutical company, engages in the development and commercialization of medicines for inflammation and immunology areas. The company provides Vants, a model to develop and commercialize its medicines and technologies focusing on biopharmaceutical businesses, discovery-stage companies, and health technology startups. It develops VTAMA, a novel topical for the treatment of psoriasis and atopic dermatitis; batoclimab and IMVT-1402, the fully human monoclonal antibodies targeting the neonatal Fc receptor across various IgG-mediated autoimmune indications; and RVT-3101, an anti-TL1A antibody for ulcerative colitis and Crohn’s disease. The company was founded in 2014 and is based in London, the United Kingdom.
